MicroStrategy Overvalued? Hedge Fund CEO Says ‘No’ Despite Stock Crash

Quick Summary:

MicroStrategy Inc.(MSTR) experienced a sharp decline in its stock price yesterday, plummeting over 20% during intraday trading before closing down 16.2%.

This significant drop occurred even as Bitcoin (BTC) surged to a new all-time high, just shy of $100,000.

Despite the setback, MSTR remains up an impressive 479% year-to-date.

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Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets: Hungary

Topics: Microstrategy Stock Price Bitcoin MSTR Price MicroStrategy news Microstrategy Price Bitcoin news MicroStrategy Mstr Bitcoin News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-22 @ 22:00:43 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 567 words

Reading Time: 4 minutes read

Sentences: 34 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 23771962

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 9 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 10 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #105

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